The DX Network — project update (August 9, 2018)
The DX Network is the world’s first business data marketplace. It combines Blockchain and the Semantic Web stack to enable secure, open and efficient data exchange between organizations — turning data into a tradable asset.
Summary
We’ve been working heads down implementing the network’s alpha version and preparing the token sale — we will soon be able to open the private portion of the sale.
We will be doing live Q&As before we do so you can ask us everything you’d like to know about the technology, token, team etc. Join our Telegram channel to be notified when spots open!
Product Development
After a thorough review by Dr. Graham Deane, our R&D advisor, and pilot participants, we’ve published the DX Network’s API and the DX Tech Industry Data Model corresponding to the network’s first data marketplace.
We also implemented the critical component which transforms relational data to graph data for use on the network as most data owners currently store their data in relational databases. We are now working on the semantic query parser and designing the payment channel manager smart contract. Everything is on track with respect to the development roadmap.
Team
Eitan Jankelewitz, lawyer and partner at leading technology law firm Sheridans, has officially joined the team as Data & IP Legal Advisor. He is overseeing the DX Network’s platform agreement (see Ethereum’s) to make sure DX complies with data privacy laws. We are also in the process of adding another legal advisor for the private segment of the token sale.
Token Sale
After careful consideration, we have decided to work with Oblicity for the DX Network’s token sale. The network’s technical and legal review has already been completed and Oblicity is now producing the legal documents necessary for all aspects of the token sale from private sale to exchange listing.
After speaking with 20+ law firms in 5 different jurisdictions in the last couple of months, we made the choice to work with Oblicity and base the DX Network foundation (more on this later) in Estonia for two main reasons:
- Estonia has one of the most advanced legal frameworks for blockchain ventures and also offers key advantages over other crypto-friendly jurisdictions such as a responsive Financial Supervision Authority and e-residency. This will let us focus on the DX Network’s development and adoption by removing regulatory uncertainty and reducing admin burden to a minimum.
- Oblicity has a proven track record of working with blockchain ventures (Agrello, Cashaa and Tutellus amongst 20+ others) so we are confident the legal side of the DX Network’s token sale is in the best possible hands.
Traction
We’ve started a series of blog posts called Data Deep Dive to explain the key role data marketplaces like The DX Network (business data), Datawallet (personal data) and IOTA Data Market (sensor data) play in the emerging data economy which got picked up by Towards Data science 👇
and Hacker Noon 😎👇
Overall, the number of subscribers in our community grew from 50,000 to over 60,000 across our newsletter and social channels and the token sale registrants went from 1,000 to 1,500+ since the last update!
Thank you again for your continued interest & support in The DX Network 🙏
If you have any questions, come chat with us on Telegram and be sure not to miss our next update by clicking on the Follow button below 👇
